FXTM Reviews and Comments 2020



I can't quite put my finger on it but what David had mentioned regarding their spread is true, even on their cent account. Like its ridiculous. An this is just a hunch but Trading with FXTM seems to be a mission. You could follow all the right rules, using technical, fundamental and sentiment but still will lose the trade. If the trend/trade goes in your favor the spread increases to make sure you either make a tiny profit, break even or even lose cause of it. Today i was trading and something told me to check out the charts on Trading view an other platforms an it seems as there could be some manipulating their charts as well, especially on Gold. Whats even weirder and I'll make an example.. Lets say you enter a trade with EURUSD and the current spread is 25 (which is freaking high already) The moment the trade starts moving in your favor you will see the spread increase to 35 or even 40 which is down right madness. You will even miss trades you've place as pending orders just because of it. I even have a hunch that they trade against us. An reading all the comments i don't think I'm wrong or alone in this. They should be looked into and given the same fate as *** if they don't come right.

Zaro   16 October, 2020  

Fxtm is a terrible broker, their spread charge as most traders have said of this world. It very very very high and abnormal. Their spread charges alone can make you loose your trade, people have been complaining about their spread charges for years now and their have refused to reduce it. Fxtm is your enemy, the company doesn't want your progress in trading. Do not open an account with them, currently now their GBP/NZD spread is over 25pips, imagine that, their spread charges are always X3 or X2 of other brokers. Don't trade with them, save yourself the headache. If there is a rating less than zero, I'll give them that over and over again. If you want to try them out after reading my post, good luck to you, cus you'll be needing it.

David   20 September, 2020  

Hello David! We always act with our clients' best interests at heart. Please be reminded that spreads on all our instruments are floating, so they may change as they reflect the market conditions. This means that spreads can either be lower or higher than the typical values stated in the contract specifications page on our website. Kindly also note that during periods of low liquidity such as rollover or market opening/closing or during important news announcements where increased volatility is expected, spreads may increase significantly from their average level. It is incorrect to compare prices of different broker as each one has its own set of liquidity providers, hence the prices will not be the same. Since we only transmit the quotes we receive from our liquidity providers, we cannot influence the values of spreads on the trading instruments. Kindly note that FXTM provides a variety of live account types with unique trading characteristics & different spreads. Designed for traders of all experience levels and deposit size, our live accounts give our clients the opportunity to choose the one that suits their requirements and investment objectives.

FXTM   24 September, 2020

I also lost the same on on spread alone. ok these guys can close your account in seconds.

Ephraim Kiplagat Kandie   1 October, 2020

Hello Ephraim Kiplagat Kandie! Please be reminded that we only transmit the quotes we receive from our liquidity providers and cannot influence the values of spreads on the trading instruments. Since spreads are floating they change their values as they reflect the market conditions. If you have faced a situation that requires explaining from our side, simply login to your MyFXTM account and submit your query, providing your account and a detailed explanation of your issue. Our dedicated team will look into the issue and reply to you within five business days.

FXTM   15 October, 2020

This is ridiculous! I opened the account and had my ID and address verified. After that I tried to deposit $100 but then they asked me for my employment information, which was never mentioned when opening account or on their website. I said I preferred not to give out my employer information. Now they said they can't let me withdraw. What a robbery! You allow people to put in money but not withdraw. What the hack in the first place you allow people deposit if account is verified.

Timon   19 September, 2020  

Hello! We kindly ask you to send us your MyFXTM number to social@fxtm.com.We will be glad to investigate your case and provide you with a detailed answer in the shortest time possible.

FXTM   24 September, 2020

It sounds true what Timon said! Thet shouldn't allow people to deposit money before verifying an account or profile. I'm having problems to verify my profile due to unnecessary complications. I have sent the bank statement of last month( September) and many other official documents but they kept asking me the same documents. And my money($100) is still pending. Since September 23, I could have used my money for something else. The stapes used here are not really helpful.

Alan   8 October, 2020

Hello Alan! We kindly ask you to send us your MyFXTM number and the request number to social@fxtm.com. We will be glad to investigate this case and provide you with a detailed response in the shortest time possible.

FXTM   15 October, 2020

FXTM is good and reliable. Execution time, withdrawal and deposit time is quite good. But spreads are too high and deposit through Africa local solution (mtn mobile money in particular) is disabled. Will be great if it is put back.

Dillan   18 September, 2020  

Hello Dillan! Thank you for the review. Kindly be reminded that we offer floating spreads, meaning they change as they reflect the market conditions. Spreads can either be lower or higher than the typical values stated in the contract specifications page on our website.

FXTM   24 September, 2020

Fmtx's spread is the largest I've ever seen. Not beginner friendly and very risky. fxtm's spread should be illegal really.

Michael Archer   11 September, 2020  

Hello! Please be reminded that spreads on all our instruments are floating and not fixed, so they may change as they reflect the market conditions. Moreover FXTM provides a variety of live account types with unique trading characteristics and different spreads designed for traders of all experience levels and deposit size.

FXTM   17 September, 2020

Thanks guys for these update. l would have made a big mistake investing with FXTM.

Wale   29 August, 2020  

Hello Wale! We kindly ask you to consdier the fact that not every comment one sees on the Internet shall be trusted unconditionally. If you have any doubts or questions regarding our Company, please feel free to contact us via email social@fxtm.com. We will be glad to provide you with all the necessary information!

FXTM   3 September, 2020

Did anyone get his money back?

AHR   27 August, 2020  

Do not trade on FXTM, Nigeria. They manipulate the spread and all about the trading. No matter how good you are in trading, you will lose all your money.

Christine   26 August, 2020  

Hello Christine! We can affirm that we always act with our clients' best interests. The Company does not interfere with Clients' trading activity, nor does it manipulate the prices received from its Liquidity Provider. This goes against both regulation and our corporate ethics. We kindly ask you to send us your MyFXTM number, trading account and the order number to social@fxtm.com for investigation. We will see into your case and provide you with a detailed response.

FXTM   3 September, 2020

FXTM are not reliable. Have been trying to withdraw since May 2020, up till I haven't been able to withdraw my money. what's happening?

guest   5 August, 2020  

Hello! We do not have any issues with withdrawals in our Company. We kindly ask you to send us your MyFXTM number and the request number to social@fxtm.com.We will be glad to investigate this case and provide you with a detailed response.

FXTM   20 August, 2020

FXTM is not a reliable broker. Still waiting for my withdrawal money.

Ahmad isa   19 June, 2020  

Hello! We kindly ask you to send us your MyFXTM number and the request number to social@fxtm.com. We will be glad to investigate this case and provide you with a detailed response.

FXTM   25 June, 2020

can any one tell about the FXTM cent account. are they real? can they manipulate?

Justin saji Abraham   6 June, 2020  

Hello! We can affirm that we always act with our clients' best interests and are continually striving to provide the best possible support. The Company does not interfere with Clients' trading activity, nor does it manipulate the prices received from its Liquidity Provider. This goes against both regulation and our corporate ethics. Please find all the necessary information regarding Cent Account on our website here https://www.forextime.com/trading-accounts/cent-account

FXTM   11 June, 2020

This Broker's Spread is huge! Don't be deceived. While other Brokers charge 2 pis, 9 pips, or 12 pips on GBPNZD for instead, this Broker charges 25 pips. This has been its trend on all trading instruments. Their Spread always double or tripple of others. Yet they lobby themselves through to top 10 in the world. However, in other aspect: trading instruments, trading execution, and more, they are great!

Matthias   29 April, 2020  

Hello! Thank you for your feedback. Please be reminded that spreads on all our instruments are floating and not fixed, so they may change as they reflect the market conditions. FXTM provides a variety of live account types with unique trading characteristics & different spreads, designed for traders of all experience levels and deposit size.

ForexTime   20 May, 2020

Why dusupay withdrawal option is not available after you have made deposit via it?

Vincent   5 March, 2020  

FXTM is great. Many experience withdrawal issues cause they don't understand how withdrawals are done. You are also charged 3% non trading fee if you don't trade. I love FXTM and their support is great.

Zikhona Mavuya   16 January, 2020  

FXTM so far, been so good I have enjoyed the platform as a strategy manager.

Great Vest   28 December, 2019  

Fxtm is a loyal and reliable forex broker you can trust, quick and delicate response, and when you encounter any problems they gladly help you and even give you alternative solutions to your problems, FXTM is a guaranteed broker which doesn't need misunderstandings so you have to be completely honest and straight up facts when you are the account holder and you won't have any problems with this broker ??

Moshidi Gashia   5 December, 2019  

Moshidi Gashia: did you able to withdraw your fund?

Khan   24 December, 2019

Everyone needs to test brokers out for themselves. I'm currently waiting for funds from FXTM. I made a withdrawal 17 days ago, still waiting. Also their customer support is very slow to respond. At this stage I'm sceptical if FXTM really wants you to withdraw any money. It's quite the opposite when it comes to deposits. When I was struggling with a deposit they phoned me immediately and helped me then and there on the phone and made sure the money was deposited. Let's wait and see, I will comment again once / if I get my funds withdrawn. 17 days and counting...

Johan Barlow   29 October, 2019  

Johan Barlow, did you get your money, if so, after how long? I'm having issues getting my money.

Ole   16 March, 2020

I have not been trading here very long - for about a year. Not a very long time but the impression is very positive. Several times withdrew profits. The amounts are certainly not huge but everything was paid out. They do everything very efficiently and competently. Great customer support and willingness to help. Each client has his own approach. Great company recommend.

D0na1d   19 September, 2019  

i opted for a withdrawal using my card 3 days ago, when exactly am i getting my money?

cruise   15 September, 2019  

Hi Cruise, have you been paid your withdrawal by FXTM?

Steve   11 December, 2019

Be incredibly urgent at night, be careful not to spread (30-40-50 ...)

Abdullah   10 September, 2019  

It seemed legit and user friendly in the beginning, but it seems that the FXTM system is manipulated to take trader's money as soon as the trader starts making commission. This is what happened to me: I deposited $ 69, i was trading spot gold and spot silver, they gave me good profit, as soon as i closed the positions, i dicided to check my balance, i couldn't believe what I saw, the sytem placed a position on my behalf with all my money and closed the position quickly duie to stop out. This is hard to believe but this FXTM seems to be a scam.

Frederica   3 July, 2019  

A cheating company. I deposited $20 and asked them to give back, they rejected. Then recently said every month will deduct $5 from this $20 due to no trading. And still reject to give back my money.

Yi Yu Lai   1 July, 2019  

FXTM is a cheating company. I just open account and put in $20, my friends told me that company has quite higher slippery, and also very procrastinate in dealing with the custom requirement. I then ask them to give back my money, I don't want to trade this company again. I've never trade so the money is there. Again and again, they deny by various reason. I really confirm what my friend's word, they rejected to give back my money, and bounced back my email. This is a scam company.

Alfred Lai   2 June, 2019  

Fxtm is very good ecn broker. using this broker more than one year. Deposit and withdrawal is free. very low spread. Support team is very helpful specially Mr. Alokesh Bhattyacharya.

Siddhartha Shankar   31 January, 2019  

Recently, I contacted with this broker. The support team did do very good jobs. The questions I am not sure are money issues when I check their funding methods. In the website, FXTM said it took credit card. Inside, it did not take credit card. Will it become a problem in the future or not? Which way should be best efficient to deposit and withdraw the fund? Please give us some advice. Thank in advance.

David   10 April, 2019

Hey did you just say low spread? if you place your order, they will always move to your stop Loss before market went back to your favour, which is not happening in other broker I am using. ladies and gentlemen please beware.

Ayo   23 June, 2020

That is not true, their spread is the worse.

Kenneth   25 August, 2020

Since i have been started the dealing with FXTM is the Good

Mohammad Abdullah   25 January, 2019  

I am one of the clients who got scammed right in front of my eyes. I used to trade with FXTM back in 2013, and since then they had flopped so hard to the point there is no return. First, they introduced investor scheme which in fact is a scam. Second, their spreads are ridiculous on both ECN and non ECN account. Third, their commission and withdrawal fees are one way/method to stop you from withdrawing your earnest profits fully. This broker is surely one *** up broker.

Rita   6 December, 2018  

They are scammers who flood the internet with fake reviews from people who claim to be happy with their service when they really just want you to put your money in then take every cent of it. I deposited money so i can trade with them soon as i start trading the spreads suddenly changed when i wanted to move to another broker they refused to let me withdraw my funds

Anonymous   29 November, 2018  

Guys, I feel sorry for all you people rated this broker as best. pls understand and calculate your profit in points. then u will understand the scam behind the scene.

Kishor Kumar J   30 October, 2018  

I've participated in several FXTM's weekly webinars and want to say that they are quite interesting and useful. I've gathered a lot of helpful from them.

Leo   4 October, 2018  

This is the best broker I've been with so far. Fast and easy withdrawals and deposits on accounts.

Rahul Tanuja   1 October, 2018  

I couldn't agree more. unlike hotforex's well planned scams! especially the competitions. hot forex (competitions) seem legit but are scams. FXTM is the best for me so far, their competions are open and you can check yourself as you please. no suspicious activities and the spreads are just sweet!no hick ups on the platform. I'm really loving this broker - competition wise.

Trader 101   7 August, 2018

I feel sorry for you. find out some other good ECN/STP broker. i bet you will end up blowing your account. If you still have doubt, pls check the spread level, try converting profit in points to deposit currency.

Kishor Kumar J   30 October, 2018



FXTM Information
FXTM

The FXTM brand was launched in 2011, with a unique vision to provide unparalleled trading conditions and all-encompassing educational tools for clients in the forex industry. In the course of just a few years, FXTM has firmly established itself as a global broker; basing its entire philosophy...

Regulation: CySEC, FCA, IFSC

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